Exercises

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Exercise 02

1.

What is the full form of AR in SAP B1?

Accounts Receivable component records and manages accounting data of all customers. It is also an
integral part of sales management.

a) Accounts Review
b) Accounts Receivable
c) Accounts Reporting
d) Accounts Retention

2.

What are the primary functions of the AR module in SAP B1?

This module covers the entire sales process, from creating quotations for customers and interested
parties, to invoicing, creating document drafts, and printing. SAP Business One provides an extensive
range of sales documents, each of which pertains to a different stage of the sales process.

You can customize documents to meet special requirements, as follows:

Combine different types of content in one sales document by making appropriate settings in the Form
Settings window.

Perform batch processing of target documents using the Document Generation Wizard.

Create letters using the Dunning Wizard to notify customers of their open invoices and to remind them
of overdue payments.

Add predefined text to a document with the built-in text editor.

a) Generating invoices and managing payments


b) Generating purchase orders and managing inventory
c) Generating financial statements and managing taxes
d) Generating employee records and managing payroll

3.

What is a customer master record in the AR module?


The master record contains data that controls how business transactions are recorded and processed by
the system. It also includes all the information about a customer that you need to be able to conduct
business with him. Customer master data is used by both the accounts and sales department in an
organization.

a) A record that contains information about the company's products and services
b) A record that contains information about the company's vendors and suppliers
c) A record that contains information about the company's customers
d) A record that contains information about the company's financial transactions

4.

What is an invoice in the AR module?

Invoice: It is a document that will convey how much the customer has to pay for the goods and services
he has purchased and the due date for paying the amount. How does an invoice process through AR
module? The transactions are created either by importing them or by manually creating them.

a) A document that requests payment from a customer


b) A document that records payment to a vendor
c) A document that records a financial transaction
d) A document that records employee information

5.

What is a payment term in the AR module?

Payment terms outline how, when, and by what method your customers or clients provide payment to
your business. Payment terms are typically associated with invoice payments. They are an agreement
that sets your expectations for payment, including when the client needs to pay you and the penalties
for missing a payment.

a) The time allowed for payment after an invoice is issued


b) The time allowed for payment after a purchase order is issued
c) The time allowed for payment after a financial statement is issued
d) The time allowed for payment after an employee record is issued

6.

What is an aging report in the AR module?

An aging report is a critical resource that lets companies know the total amount of receivables owed by
clients, and then breaks the information into segments based on age–such as 30-60 days. It provides
critical insight into which accounts are delinquent and which are in good standing.

a) A report that shows the age of the company's products and services
b) A report that shows the age of the company's vendors and suppliers
c) A report that shows the age of the company's customers' outstanding invoices
d) A report that shows the age of the company's financial transactions

7.
What is a credit memo in the AR module?

∎ The A/R credit memo (or credit note) is the document used to process returned items or. to give a
pricing credit, once an A/R invoice has been issued. ∎ Another option for correcting invoicing issues is to
cancel an invoice and reissue it.

a) A document that reduces the amount owed by a customer


b) A document that increases the amount owed by a customer
c) A document that records payment to a vendor
d) A document that records a financial transaction

8.

What is a down payment in the AR module?

Down payments are sometimes also referred to as advance payments. A down payment is a payment
made or received before the physical exchange of goods and services. Once the receipt or delivery of
goods and services occurs, the down payment clears against the final invoice.

a) A payment made in advance by a customer for goods or services


b) A payment made in advance by a vendor for goods or services
c) A payment made by the company to a customer
d) A payment made by the company to a vendor

9.

What is the purpose of the dunning process in the AR module?

Dunning is a systematic method of tracking overdue invoices and persistently sending letters to
customers to demand payment.

a) To generate financial statements


b) To issue refunds to customers
c) To reconcile bank statements with the company's records
d) To collect overdue payments from customers

10.

What is the purpose of the write-off process in the AR module?

A write-off is a request to remove any uncollectible revenue from the sale of a good or services that is at
least 1 year old from a department's account and reclass it as a bad debt expense. At no time is a
department allowed to waive an uncollectable debt without submitting a write-off request.

a) To generate financial statements


b) To issue refunds to customers
c) To remove an unpaid invoice from the company's records
d) To reconcile bank statements with the company's records

Exercise 03
1.

Which of the following documents is used in the Accounts Payable module for recording invoices
received from vendors?

The basic accounts payable cycle includes three significant documents – purchase orders (PO), receiving
reports (or goods receipt), and vendor invoices.

a) Purchase Order
b) Goods Receipt
c) Delivery Note
d) A/P Invoice

2.

Which of the following transactions can be performed in the Payment Run window in the Accounts
Payable module?

a) Posting a Journal Entry


b) Posting a Goods Receipt
c) Creating a Purchase Order
d) Making Payments to Vendors

3.

Which of the following reports in the Accounts Payable module displays a list of open invoices owed to a
vendor?

a) Vendor Balance Report


b) Aging Report
c) Journal Report
d) Bank Reconciliation Report

4.

Which of the following documents is used in the Accounts Payable module for recording a return of
goods to a vendor?

a) Purchase Order
b) Goods Receipt
c) Delivery Note
d) A/P Credit Memo

5.
Which of the following fields in the Vendor Master Record in the Accounts Payable module contains the
vendor's bank account information?

a) Control Account
b) Payment Terms
c) Bank Details
d) Contact Person

6.

Which of the following options can be selected in the Payment Means tab of the Payment Run window
to make a partial payment to a vendor?

a) Payment Method
b) Due Date
c) Amount
d) Payment Reference

7.

Which of the following documents is used in the Accounts Payable module for recording an advance
payment made to a vendor?

a) Purchase Order
b) Goods Receipt
c) Delivery Note
d) A/P Invoice

8.

Which of the following reports in the Accounts Payable module displays a list of all invoices paid to a
vendor during a specified period?

a) Payment History Report


b) Aging Report
c) Journal Report
d) Vendor Balance Report

9.

Which of the following options can be selected in the Payment Run window in the Accounts Payable
module to automatically apply payments to outstanding invoices?
a) Payment Method
b) Due Date
c) Open Items
d) Payment Reference

10.

Which of the following fields in the Vendor Master Record in the Accounts Payable module contains the
vendor's payment terms?

a) Control Account
b) Payment Terms
c) Bank Details
d) Contact Person

Exercise 04
1.

Which of the following statements is true about the financial module in SAP B1?

With SAP Business One, you gain access to a comprehensive set of functions and support for financial
accounting, ranging from journal entries and bank processing to accounts payable and accounts
receivable. This business solution enables you to fully control every transaction throughout your
expanding company.

a) It only handles accounts payable and receivable


b) It only handles financial reporting and analysis
c) It integrates with other modules like sales and purchasing
d) It only handles payroll and tax management

2.

In SAP B1, what is the purpose of a reverse transaction?

Reversal transaction refers to situations where a client has sent the money but it is yet to be received by
the merchant's account. While it is still being processed, the transaction can be reversed. Now, let's
explore refunds and reversal transactions in a little more depth.

a) To cancel a transaction that has already been posted


b) To modify a transaction that has already been posted
c) To copy a transaction to another module
d) To create a new transaction from scratch

3.

Which of the following reports in SAP B1 provides information about the budgeted vs. actual expenses
for a specific period?
a) Budget Overview report
b) Budget Variance report
c) Budget History report
d) Budget Transactions report

4.

In SAP B1, what is the purpose of a budget?

a) To track expenses for a specific period


b) To plan and control expenses for a specific period
c) To generate financial statements for a specific period
d) To create a general ledger account for a specific period

5.

What is the purpose of the Fixed Assets module in SAP B1?

a) To track inventory items


b) To track sales orders
c) To track the depreciation of assets
d) To track employee time and attendance

6.

Which of the following statements is true about setting up fixed assets in SAP B1?

a) You can only set up fixed assets in the Fixed Assets module
b) You can set up fixed assets in any module
c) You can only set up fixed assets if you have the Asset Management add-on
d) You can set up fixed assets in the Financial module

7.

In SAP B1, what is the purpose of a depreciation area?

a) To track the depreciation of assets


b) To track the acquisition cost of assets
c) To track the sale price of assets
d) To track the location of assets

8.
Which of the following statements is true about configuring fixed assets in SAP B1?

a) You cannot configure fixed assets in SAP B1


b) You can only configure fixed assets in the Fixed Assets module
c) You can configure fixed assets in the Financial module
d) You can configure fixed assets in any module

9.

Which of the following reports in SAP B1 provides information about the acquisition cost and
depreciation of fixed assets?

a) Fixed Assets Journal report


b) Fixed Assets Transactions report
c) Fixed Assets Balance report
d) Fixed Assets Depreciation report

10.

In SAP B1, what is the purpose of a depreciation key?

a) To calculate the depreciation of fixed assets


b) To track the acquisition cost of fixed assets
c) To track the sale price of fixed assets
d) To track the location of fixed assets

Exercise 05

1.

Which of the following is not a step in the fixed asset class setup process in SAP B-1?

a) Define depreciation area

a) Define useful life


b) Define depreciation method
c) Define depreciation area
d) Define asset group

2.

Which of the following is not a fixed asset master data field in SAP B-1?
a) Acquisition cost
b) Accumulated depreciation
c) Useful life
d) Profit center

3.

What is the difference between capitalization and depreciation in SAP B-1?

a) Capitalization increases the value of a fixed asset, while depreciation decreases it


b) Capitalization decreases the value of a fixed asset, while depreciation increases it
c) Capitalization records the initial acquisition cost of a fixed asset, while depreciation records its
decrease in value over time
d) Capitalization records the decrease in value of a fixed asset over time, while depreciation
records its initial acquisition cost

4.

Which of the following is not a depreciation method available in SAP B-1?

a) Straight-line
b) Linear
c) Double declining balance
d) Declining balance

5.

What is the purpose of a fixed asset revaluation in SAP B-1?

a) To increase the value of a fixed asset to reflect its current market value
b) To decrease the value of a fixed asset to reflect its current market value
c) To record the disposal of a fixed asset
d) To adjust the useful life of a fixed asset

6.

Which of the following is not a retirement type available in SAP B-1?

a) Scrapping
b) Transfer
c) Transfer
d) Sale
7.

What is the purpose of cost accounting in SAP B-1?

a) To track the cost of goods sold


b) To track the cost of goods manufactured
c) To track the cost of goods purchased
d) To track the cost of fixed assets

8.

Which of the following is not a financial report available in SAP B-1?

a) Balance sheet
b) Profit and loss statement
c) Trial balance
d) Customer invoice

9.

Which of the following is not an accounting report available in SAP B-1?

a) Aging report
b) General ledger report
c) Inventory valuation report
d) Sales order report

10.

Which of the following statements about fixed asset depreciation in SAP B-1 is false?

a) Depreciation is calculated based on the useful life of the asset


b) Depreciation decreases the value of a fixed asset over time
c) Depreciation is recorded as an expense in the income statement
d) Depreciation can be calculated using various methods

11.

Which of the following statements about fixed asset depreciation in SAP B-1 is false?

a) Depreciation is calculated based on the useful life of the asset


b) Depreciation decreases the value of a fixed asset over time
c) Depreciation is recorded as an expense in the income statement
d) Depreciation can be calculated using various methods

Exercise 06

1.

What is the purpose of inventory management in SAP Business One?

a) To maximize profits by keeping high levels of inventory


b) To minimize costs by keeping low levels of inventory
c) To optimize the balance between holding costs and stock-outs
d) None of the above

2.

What is a warehouse in SAP Business One?

a) A physical location where inventory is stored


b) A virtual location where inventory is stored
c) A report that shows inventory levels
d) A report that shows inventory levels

3.

What is a bin location in SAP Business One?

a) A virtual location where inventory is stored


b) A report that shows inventory levels by location
c) A specific area within a warehouse where inventory is stored
d) None of the above

4.

What is the purpose of cycle counting in SAP Business One?

a) To track inventory levels in real-time


b) To perform physical inventory counts on a regular basis
c) To reorder inventory automatically
d) None of the above

5.

What is the purpose of a pick list in SAP Business One?


a) To track inventory levels in real-time
b) To manage warehouse employees
c) To create a list of items to be picked for shipment
d) None of the above

6.

What is the purpose of a packing list in SAP Business One?

a) To track inventory levels in real-time


b) To manage warehouse employees
c) To create a list of items to be packed for shipment
d) None of the above

7.

What is the purpose of a goods receipt in SAP Business One?

a) To record the receipt of goods from a vendor


b) To record the shipment of goods to a customer
c) To track inventory levels in real-time
d) None of the above

8.

What is the purpose of a goods issue in SAP Business One?

a) To record the receipt of goods from a vendor


b) To record the shipment of goods to a customer
c) To track inventory levels in real-time
d) None of the above

9.

What is the purpose of a stock transfer in SAP Business One?

a) To move inventory from one warehouse to another


b) To track inventory levels in real-time
c) To create a list of items to be picked for shipment
d) None of the above

10.

What is the purpose of a stock revaluation in SAP Business One?


a) To adjust inventory values based on changes in market prices
b) To reorder inventory automatically
c) To track inventory levels in real-time
d) None of the above

Exercise 07

1.

What is the purpose of the reorder point in SAP Business One?

a) To set the minimum inventory level before reordering


b) To set the maximum inventory level before reordering
c) To optimize the balance between holding costs and stock-outs
d) None of the above

2.

What is the purpose of the safety stock in SAP Business One?

a) To prevent stock-outs due to unexpected demand or supplier delays


b) To minimize holding costs by keeping low levels of inventory
c) To track inventory levels in real-time
d) None of the above

3.

What is a bin location label in SAP Business One?

a) A virtual label attached to a bin location


b) A physical label attached to a bin location
c) A report that shows inventory levels by bin location
d) None of the above

4.

What is the purpose of the goods receipt PO in SAP Business One?

a) To track inventory levels in real-time


b) To record the shipment of goods to a customer against a sales order
c) To record the receipt of goods from a vendor against a purchase order
d) None of the above
5.

What is the purpose of the goods issue SO in SAP Business One?

a) To record the receipt of goods from a vendor against a purchase order


b) To record the shipment of goods to a customer against a sales order
c) To track inventory levels in real-time
d) None of the Above

6.

What is the purpose of the stock transfer request in SAP Business One?

a) To request the transfer of inventory from one warehouse to another


b) To track inventory levels in real-time
c) To create a list of items to be picked for shipment
d) None of the above

7.

What is the purpose of the stock posting list in SAP Business One?

a) To create a list of items to be picked for shipment


b) To track inventory levels in real-time
c) To view a list of all inventory transactions in a specific period
d) None of the above

8.

What is the purpose of the inventory audit report in SAP Business One?

a) To track inventory levels in real-time


b) To compare physical inventory counts with system inventory levels
c) To create a list of items to be picked for shipment
d) None of the above

9.

What is the purpose of the bin location analysis report in SAP Business One?

a) To view inventory levels by bin location


b) To track inventory levels in real-time
c) To create a list of items to be picked for shipment
d) None of the above

10.

What is the purpose of the inventory valuation report in SAP Business One?

a) To view the total value of inventory in the system


b) To track inventory levels in real-time
c) To create a list of items to be picked for shipment
d) None of the above

Exercise 08

1.

Which of the following is not a function of the product module in SAP B1?

a) Product creation
b) Inventory management
c) Sales order processing
d) Financial accounting

2.

What is a bill of materials (BOM) in the product module?

a) A list of products that are currently in stock


b) A list of materials needed to manufacture a product
c) A list of customers who have purchased a product
d) A list of vendors who supply materials for a product

3.

Which of the following is a component of a product master record in SAP B1?

a) Item code
b) Quantity on hand
c) Price
d) All of the above

4.

Which of the following transactions can be performed in the inventory management module?
a) Goods receipt
b) Goods issue
c) Stock transfer
d) All of the above

5.

What is a stock transfer in SAP B1?

a) A transaction that moves products from one location to another within the same warehouse
b) A transaction that moves products from one warehouse to another
c) A transaction that adjusts the quantity of products in stock
d) A transaction that adds new products to the inventory

6.

What is the purpose of a sales order in the product module?

a) To track customer orders


b) To update inventory levels
c) To create invoices for customers
d) To generate purchase orders for vendors

7.

Which of the following documents is used to record the receipt of goods from a vendor?

a) Purchase order
b) Goods receipt
c) Sales order
d) Delivery note

8.

Which of the following documents is used to record the shipment of goods to a customer?

a) Purchase order
b) Goods receipt
c) Sales order
d) Delivery note

9.

What is the purpose of the price list in SAP B1?


a) To track the cost of goods sold
b) To track the cost of goods purchased
c) To track the selling price of products
d) To track the production cost of products

10.

Which of the following reports can be generated in the product module?

a) Inventory status report


b) Sales analysis report
c) Production order report
d) All of the above

Exercise 09

1.

What is the purpose of the Sales Opportunities module in SAP B-1 CRM?

a) To manage customer interactions


b) To track sales leads and opportunities
c) To manage customer service requests
d) To analyze sales performance

2.

In the Sales Opportunities module, what is the difference between a lead and an opportunity?

a) A lead is a potential customer, while an opportunity is a confirmed customer


b) A lead is a confirmed customer, while an opportunity is a potential customer
c) A lead is an unqualified prospect, while an opportunity is a qualified prospect
d) A lead is a qualified prospect, while an opportunity is an unqualified prospect

3.

Which of the following can be used to create a sales opportunity in SAP B-1?

a) A sales quote
b) A sales order
c) A sales invoice
d) A sales return
4.

What is the purpose of the Service module in SAP B-1 CRM?

a) To manage customer interactions


b) To track service requests and issues
c) To manage customer invoices
d) To analyze service performance

5.

Which of the following is a type of service call in SAP B-1?

a) Maintenance call
b) Sales call
c) Marketing call
d) Billing call

6.

In the Service module, what is a service contract?

a) A contract with a supplier for service-related goods


b) A contract with a customer for ongoing service support
c) A contract with a distributor for sales support
d) A contract with an employee for training and development

7.

Which of the following is a tool used to manage service calls in SAP B-1?

a) Service Contracts
b) Service Orders
c) Service Calls
d) Service Quotations

8.

What is the purpose of the Service Level Agreement (SLA) in SAP B-1 CRM?

a) To set expectations for service delivery


b) To track service costs
c) To manage service contracts
d) To analyze service performance

9.

Which of the following is a function of the Service module in SAP B-1?

a) Schedule service appointments


b) Manage customer payments
c) Generate sales reports
d) Manage employee payroll

10.

What is the purpose of the Contract Templates feature in SAP B-1 CRM?

a) To create service contracts quickly and easily


b) To manage customer billing information
c) To analyze service performance
d) To track service requests and issues

Exercise 10

1.

Which of the following is not a currency in SAP Business One?

a) USD
b) EUR
c) INR
d) JPY

2.

What is the default currency code in SAP Business One?

a) USD
b) EUR
c) GBP
d) GBP

3.

How many currencies can be used in SAP Business One?


a) Only one
b) Up to 10
c) Up to 50
d) Unlimited

4.

Which of the following statements is true regarding currency exchange rates in SAP Business One?

a) Exchange rates can only be updated manually


b) Exchange rates are automatically updated by the system based on daily rates
c) Exchange rates can only be updated by users with specific permissions
d) Exchange rates cannot be updated once transactions have been posted

5.

Which of the following documents in SAP Business One are affected by currency exchange rates?

a) Sales orders
b) Purchase orders
c) Invoices
d) All of the above

6.

What is the purpose of the "currency rate differences" account in SAP Business One?

a) To record the difference between the exchange rate at the time of transaction and the current
exchange rate
b) To record the difference between the base currency and the foreign currency used in the
transaction
c) To record the difference between the invoice amount and the payment received
d) None of the above

7.

Which of the following statements is true regarding multi-currency journal entries in SAP Business One?

a) Multi-currency journal entries cannot be posted to the system


b) Multi-currency journal entries require additional permissions to be posted
c) Multi-currency journal entries can be posted in any currency configured in the system
d) Multi-currency journal entries are posted using the system's default currency

8.
Which of the following reports in SAP Business One displays the exchange rate used for a specific
transaction?

a) Balance sheet
b) Journal report
c) Profit and loss statement
d) Currency rate differences report

9.

What is the purpose of the "exchange rate differences" report in SAP Business One?

a) To display the exchange rate used for a specific transaction


b) To display the difference between the exchange rate at the time of transaction and the current
exchange rate
c) To display the difference between the base currency and the foreign currency used in the
transaction
d) None of the above

10.

Which of the following statements is true regarding currency revaluation in SAP Business One?

a) Currency revaluation can only be performed on a monthly basis


b) Currency revaluation can only be performed for specific transactions
c) Currency revaluation can only be performed by users with specific permissions
d) Currency revaluation is used to adjust the value of foreign currency balances based on current
exchange rates

Final Exam

1.

Which of the following is not a currency in SAP Business One?

a) USD
b) EUR
c) INR
d) JPY

2.

How many currencies can be used in SAP Business One?


a) Only one
b) Up to 10
c) Up to 50
d) Unlimited

3.

Which of the following documents in SAP Business One are affected by currency exchange rates?

a) Sales orders
b) Purchase orders
c) Invoices
d) All of the above

4.

Which of the following reports in SAP Business One displays the exchange rate used for a specific
transaction?

a) Balance sheet
b) Profit and loss statement
c) Journal report
d) Currency rate differences report

5.

Which of the following is a component of a product master record in SAP B1?

a) Item code
b) Quantity on hand
c) Price
d) All of the above

6.

What is the purpose of a sales order in the product module?

a) To track customer orders


b) To update inventory levels
c) To create invoices for customers
d) To generate purchase orders for vendors
7.

Which of the following documents is used to record the receipt of goods from a vendor?

a) Purchase order
b) Goods receipt
c) Sales order
d) Delivery note

8.

What is the purpose of a stock revaluation in SAP Business One?

a) To track inventory levels in real-time


b) To reorder inventory automatically
c) To adjust inventory values based on changes in market prices
d) None of the above

9.

What is the purpose of a goods issue in SAP Business One?

a) To record the receipt of goods from a vendor


b) To record the shipment of goods to a customer
c) To track inventory levels in real-time
d) None of the above

10.

Which of the following reports in SAP B1 provides information about the budgeted vs. actual expenses
for a specific period?

a) Budget Overview report


b) Budget History report
c) Budget Transactions report
d) Budget Variance report

11.

In SAP B1, what is the purpose of a depreciation area?

a) To track the depreciation of assets


b) To track the acquisition cost of assets
c) To track the sale price of assets
d) To track the location of assets

12.

In SAP B1, what is the purpose of a depreciation key?

a) To track the location of fixed assets


b) To track the acquisition cost of fixed assets
c) To track the sale price of fixed assets
d) To calculate the depreciation of fixed assets

13.

Which of the following statements is true about configuring fixed assets in SAP B1?

a) You can configure fixed assets in the financial module


b) You cannot configure fixed assets in SAP B1
c) You can configure fixed assets in any module
d) You can only configure fixed assets in the Fixed Assets module

14.

What is the full form of AR in SAP B1?

a) Accounts Review
b) Accounts Reporting
c) Accounts Receivable
d) Accounts Retention

15.

What is an invoice in the AR module?

a) A document that records payment to a vendor


b) A document that records a financial transaction
c) A document that requests payment from a customer
d) A document that records employee information

16.

What is the purpose of the dunning process in the AR module?


a) To issue refunds to customers
b) To reconcile bank statements with the company's records
c) To generate financial statements
d) To collect overdue payments from customers

17.

Which of the following modules is included in the financial setup process?

a) Sales
b) Purchasing
c) Inventory
d) Banking

18.

Which of the following statements is true about the Bank Master Data screen?

a) It is used to create customer records


b) It is used to create supplier records
c) It is used to create employee records
d) It is used to create bank account records

19.

Which of the following can be used to create a sales opportunity in SAP B-1?

a) A sales invoice
b) A sales quote
c) A sales order
d) A sales return

20.

Which of the following is a type of service call in SAP B-1?

a) Maintenance call
b) Sales call
c) Marketing call
d) Billing call

21.

What is a bin location label in SAP Business One?


a) A virtual label attached to a bin location
b) A report that shows inventory levels by bin location
c) A physical label attached to a bin location
d) None of the above

22.

What is the purpose of the goods issue SO in SAP Business One?

The goods issue function lets you reduce the inventory level in a situation that is not direct result of a
sales document entry. After an item is sold, the warehouse inventory is automatically reduced when SAP
Business One enters the transactions.

A goods issue from SAP Extended Warehouse Management (SAP EWM) is a physical departure of
products from your warehouse. With a goods issue posting, you reduce the stock in the warehouse. You
can use a goods issue to indicate goods deliveries to your customers.

A warehouse request goods issue allows you to display your complex stock removal process steps and
includes the following functions:

 Storage Bin Determination for Stock Removal


 Stock Removal
 Packing at the Work Center
 Loading and Unloading
a) To record the receipt of goods from a vendor against a purchase order
b) To record the shipment of goods to a customer against a sales order
c) To track inventory levels in real-time
d) None of the above

23.

Which of the following is not a step in the fixed asset class setup process in SAP B-1?

 Asset type
 Attribute group
 Depreciation area
 Account determination
 Depreciation type
 Useful life
a) Define depreciation area
b) Define useful life
c) Define depreciation method
d) Define asset group

24.

Which of the following is not a depreciation method available in SAP B-1?


In general, SAP Business One lets you use the following depreciation methods: Straight Line Method.
Straight Line Period Control Method. Declining Balance Method.

a) Straight-line
b) Declining balance
c) Double declining balance
d) Linear

25.

Which of the following documents is used in the Accounts Payable module for recording invoices
received from vendors?

a) Purchase Order
b) Goods Receipt
c) Delivery Note (A delivery note is a document that accompanies a shipment of goods. It provides
a list of the products and quantity of the goods included in the delivery.)
d) A/P Invoice

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